Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1887-11-18
THE FUNDS IN THE TREASURY.
Figures From the Annual Report OF
the United states Treasurer.

the united SGAGeS Treasurer
WASHINGTON, Nov. 1.-THE annual re-
| port of the United States Treasurer James
w. Hyatt shows that the revenues of the
government for the fiscal year ended June
80, 1887, were 1911 400, 277 and the ordi-
nary expenditures 1897, 9S2, 179, the surplus
receipts available for the reduction of the
public debt being $103, All ,097. AS compar-
ed with the previous year the receipts in
creased $34, 963, $50, the expenditures $685.
AS, 041 and the surplus revenues So, 1914, 500.
There was an increase in every item of rev.
enue, the largest being in the receipts from
customs. The largest increase in the expen-
ditures was on account of Indians and pen
sioners and the largest decrease on account
of interest on the public debt. During the
year $127, oil $50 in the United States bonds
was redeemed, $47, 1874 300 being on account
of the sinking fund and upwards of $780,
100000 in United States paper currency and
national bank notes. The largest increase in
an item of assets during the
year ended September 80 was
$34, 705, 623 in gold coin and bullion and the
largest decrease $26, 143, 1S1 in silver dollars
and bullion. The largest increase in liabili-
ties was in the fund for the retirement of ma
fonal bank notes, which ran up from $685.
612, SAT to $102, 265, 1877. Tbs available ball
ance decreased $26, 1872, 524 and the total bal
ance, including fractional silver and minor
coin, fell off $28, 1856, 951. During the year
ended October 81 the gold balance increased
$44, 322, 353. The silver balance decreased
$21 .2%, 7S2, and the total balance ran up
81, 915, 1888. The total assets at the end of
this period exclusive of certificates and other
obligations held as cash were 1919, 80, 100
and the total liabilities 1862, 432. $50. Between
June 80, 1884, and September 80, 1887, the
circulation of one and two dollar notes gene
rally ran down from $51, 500, 600 to SIS, AGO.,
600. This decrease has been made up by
changes in other denominations, the volume
of fves, tens and twenties increasing about
$43,000,000. There were no gold certificates
issued during the year. The redemptions
81, 173, 1854 $50 issued from November, 1885,
there were outstanding at the close of the
year $121 ,486, ST, of which $50, 261, $3.50
were in the treasury and SOL 1926. 437 in circu-
lation. The silver certificates outstand-
ing at the close 90 Of the no fiscal
of nearly $50, 1000, 900 in twelve months.
The amount in the treasury fell off in the
same period from nearly sos, 000, 900 to 49,
1926, 1873, while the increase in the actual cir
culation was little more than 1854, 900, 900.
There were put out during the year $14, 1856
600 in one dollar certificates, 8,976, 900 in
twos and ST. 760, 900 in ives. Under the pro-
visions of the act of March 3, 1887, there were
received within the limit of six months fixed
by Congress Sc, $50, 036 in trade dollars in
exchange for standard silver dollars and frac-
tonal silver coin. The treasurer believes |
that but few trade dollars not in the hands of |
of coins now remain in the coun-
try. The coinage of standard silver dollars |
for the fiscal year $33, GIG, 1881 AN increase
of So, ST, 1926 over 1886. On October 81 the |
treasury held 1914, IT'S, 532 and there were
$62, $40, 625 in circulation. Between the end |
of the fiscal year and October 81 the num- |
Der of depository banks was increased from
two hundred to two hundred and twenty.
At the latter date the treasury had bonds of |
the value of Sal ,048, 1876 to secure $31, 767,
479 of public moneys on deposit with these |
There was an increase of 1884, |
009, 900 during the year in bonds held to |
secure the circulation of national banks. |
leaving on deposit $191, 1866, 700, against |
which there was outstanding $166, 625, 658 in |
national bank notes. The public funds re- |
ceived during the year by national |
bank repositories amounted to $129, 482, 769. |
During the year there were presented for re- |
demption national bank notes valued by the |
holders at 1897, 1863 ,876, the proceeds of |
which were $97, 213, 269 The average an
that the redemption agency has been in oper- |
alton have been $136, 300, S57. The amount |
for the past year was less than in any other |
except the three beginning with 1880. The |
falling off in the demand for redemption is /
ascribed mainly to the contraction of the out |
standing circulation. OF the receipts for the /
year nearly thirty-six per cent came from /
New York, fifteen per cent. from Boston and /
about eight per cent. from Philadelphia. The /
banks deposited upwards of $75,000,000 to
their circulation, an amount large |
Y in excess of thst for any previous year. |
The result was net increase of almost $685.
300, 900 in the balance of moneys held for /
his purpose, bringing the total to nearly |
500, 900, 900. The large increase is due to |
The retirement of the three per cent. held to |
secure circulation.